Elo Mutual Pension Insurance Co Lowers Holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG)

Elo Mutual Pension Insurance Co trimmed its position in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 124,976 shares of the restaurant operator’s stock after selling 5,546 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Chipotle Mexican Grill were worth $7,536,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ethos Financial Group LLC bought a new position in Chipotle Mexican Grill in the 4th quarter worth about $31,000. Sound Income Strategies LLC grew its holdings in shares of Chipotle Mexican Grill by 1,110.0% during the fourth quarter. Sound Income Strategies LLC now owns 605 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 555 shares in the last quarter. Truvestments Capital LLC bought a new position in shares of Chipotle Mexican Grill in the third quarter worth approximately $37,000. Murphy & Mullick Capital Management Corp purchased a new stake in Chipotle Mexican Grill in the fourth quarter valued at approximately $38,000. Finally, Financial Life Planners bought a new stake in Chipotle Mexican Grill during the fourth quarter valued at approximately $45,000. Institutional investors own 91.31% of the company’s stock.

Chipotle Mexican Grill Price Performance

CMG stock opened at $50.98 on Friday. Chipotle Mexican Grill, Inc. has a 1 year low of $47.55 and a 1 year high of $69.26. The firm has a 50-day moving average of $53.97 and a 200 day moving average of $57.57. The company has a market cap of $69.10 billion, a P/E ratio of 45.92, a PEG ratio of 2.04 and a beta of 1.27.

Chipotle Mexican Grill (NYSE:CMG) last announced its earnings results on Tuesday, February 4th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. Chipotle Mexican Grill had a return on equity of 42.92% and a net margin of 13.56%. On average, equities research analysts expect that Chipotle Mexican Grill, Inc. will post 1.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CMG shares. Jefferies Financial Group raised their price objective on shares of Chipotle Mexican Grill from $56.00 to $62.00 and gave the company a “hold” rating in a research report on Monday, December 16th. Stephens dropped their price target on Chipotle Mexican Grill from $61.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Cfra upgraded Chipotle Mexican Grill from a “buy” rating to a “strong-buy” rating and increased their price objective for the company from $59.00 to $73.00 in a research report on Wednesday, February 5th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Chipotle Mexican Grill in a research report on Tuesday, January 28th. Finally, Barclays reduced their price target on shares of Chipotle Mexican Grill from $63.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Eight analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.67.

Chipotle Mexican Grill Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. It sells food and beverages through offering burritos, burrito bowls, quesadillas, tacos, and salads. The company also provides delivery and related services its app and website. It has operations in the United States, Canada, France, Germany, and the United Kingdom.